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Bank Bradesco Return-on-Tangible-Asset

: 1.54% (As of Dec. 2019)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Bank Bradesco's annualized Net Income for the quarter that ended in Dec. 2019 was $5,122 Mil. Bank Bradesco's average total tangible assets for the quarter that ended in Dec. 2019 was $332,151 Mil. Therefore, Bank Bradesco's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 was 1.54%.

NYSE:BBD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.33   Med: 1.61   Max: 1.87
Current: 1.58

1.33
1.87

During the past 13 years, Bank Bradesco's highest Return-on-Tangible-Asset was 1.87%. The lowest was 1.33%. And the median was 1.61%.

NYSE:BBD's Return-on-Tangible-Asset is ranked higher than
87% of the 1399 Companies
in the Banks industry.

( Industry Median: 0.79 vs. NYSE:BBD: 1.58 )

Bank Bradesco Return-on-Tangible-Asset Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Bank Bradesco Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 1.74 1.45 1.22 1.54

Bank Bradesco Semi-Annual Data
Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.53 1.74 1.45 1.22 1.54

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Bank Bradesco Return-on-Tangible-Asset Distribution

* The bar in red indicates where Bank Bradesco's Return-on-Tangible-Asset falls into.



Bank Bradesco Return-on-Tangible-Asset Calculation

Bank Bradesco's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2019 )  (A: Dec. 2018 )(A: Dec. 2019 )
=5121.9449384822/( (332032.54004223+332270.20051163)/ 2 )
=5121.9449384822/332151.37027693
=1.54 %

Bank Bradesco's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2019 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Dec. 2018 )(Q: Dec. 2019 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2019 )  (Q: Dec. 2018 )(Q: Dec. 2019 )
=5121.9449384822/( (332032.54004223+332270.20051163)/ 2 )
=5121.9449384822/332151.37027693
=1.54 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is one times the annual (Dec. 2019) net income data.


Bank Bradesco  (NYSE:BBD) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Bank Bradesco Return-on-Tangible-Asset Related Terms


Bank Bradesco Return-on-Tangible-Asset Headlines

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